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Has the Australian Banks Industry valuation changed over the past few years?
|Sun, 28 Nov 2021||AU$420.0b||AU$84.7b||AU$28.2b||10.7x|
|Tue, 26 Oct 2021||AU$461.0b||AU$79.6b||AU$24.8b||10.3x|
|Thu, 23 Sep 2021||AU$446.0b||AU$79.3b||AU$24.6b||10.2x|
|Sat, 21 Aug 2021||AU$455.0b||AU$79.3b||AU$24.6b||12x|
|Sat, 05 Jun 2021||AU$455.6b||AU$77.0b||AU$23.1b||15.1x|
|Tue, 09 Mar 2021||AU$396.9b||AU$72.8b||AU$19.3b||16.1x|
|Mon, 30 Nov 2020||AU$360.7b||AU$70.1b||AU$17.0b||12.8x|
|Thu, 03 Sep 2020||AU$301.1b||AU$71.8b||AU$19.6b||9.8x|
|Sun, 07 Jun 2020||AU$288.3b||AU$74.7b||AU$22.4b||9x|
|Sat, 29 Feb 2020||AU$382.6b||AU$77.1b||AU$25.0b||8.7x|
|Tue, 03 Dec 2019||AU$381.8b||AU$79.4b||AU$27.6b||9.9x|
|Fri, 06 Sep 2019||AU$401.4b||AU$80.5b||AU$27.9b||11.1x|
|Mon, 10 Jun 2019||AU$395.4b||AU$82.0b||AU$28.7b||11.4x|
|Sun, 03 Mar 2019||AU$381.0b||AU$83.4b||AU$29.8b||11.5x|
|Wed, 05 Dec 2018||AU$367.8b||AU$85.0b||AU$30.8b||10.7x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 11.3x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Banks industry have declined 2.8% per year over the last three years, while revenues have remained mostly flat. This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Which industries have driven the changes within the Australian Banks industry?
Industry PE: Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 14.6x. However analysts are expecting annual earnings growth of 3.2%, which is lower than the prior year's growth of 49% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 8.4x.
Forecasted Growth: Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 5.9% over the next 5 years. However this is lower than its past earnings growth rate of 12% per year. Meanwhile, the Diversified Banks industry is expected to see its earnings grow by 3.2% per year over the next few years.
Which companies have driven the market over the last 7 days?
|No data available|
Bank of Queensland
Judo Capital Holdings
National Australia Bank
Australia and New Zealand Banking Group
Bendigo and Adelaide Bank
Commonwealth Bank of Australia
BSP Financial Group